Welcome to this versatile income producing property with a rich history. Located in Alvord, TX., this property offers an incredible opportunity for entrepreneurs and business owners seeking a great location for their venture. The apartments feature A cozy 2 bed, 1 bath unit with a contemporary kitchen, spacious living area, and well-appointed bedrooms, and the larger 3 bed 2 bath unit has an updated kitchen. Currently, both units are leased out, generating a steady stream of income, and an excellent opportunity to build equity and wealth. Also, formerly a successful hair salon, the layout of the commercial space is adaptable for various business types. It is situated in a high-traffic area, ensuring maximum visibility and foot traffic. Whether it's a salon, boutique, or office space, this property is ready to accommodate your vision.
The median home value in Alvord, TX is $317,100. This is lower than the county median home value of $337,900. The national median home value is $338,100. The average price of homes sold in Alvord, TX is $317,100. Approximately 60.71% of Alvord homes are owned, compared to 28.48% rented, while 10.82% are vacant. Alvord real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Alvord real estate agent to arrange a tour today!
Alvord, Texas has a population of 1,164. Alvord is more family-centric than the surrounding county with 42.8% of the households containing married families with children. The county average for households married with children is 36.71%.
The median household income in Alvord, Texas is $62,981. The median household income for the surrounding county is $75,482 compared to the national median of $69,021. The median age of people living in Alvord is 27.9 years.
The average high temperature in July is 94 degrees, with an average low temperature in January of 28.5 degrees. The average rainfall is approximately 37.5 inches per year, with 1.2 inches of snow per year.